My husband and I own a small business in Northwest Montana, specializing in rental real estate. We own and manage all the real estate ourselves. My retirement savings are all in various mutual funds, which have done well over the years. The real estate has also done very well since we purchased most of it over 20 years ago.
Since he is 10 years my senior and is already on Medicare, what do your posters think we should do first regarding tapping the real estate (taking into consideration the market these days!) or the mutual funds for income, which by their nature are more liquid? I had wanted to wait to tap my IRAs as long as possible due to the age difference, but may rethink my position given the real estate market.
Thanks for any suggestions/advice!
Since he is 10 years my senior and is already on Medicare, what do your posters think we should do first regarding tapping the real estate (taking into consideration the market these days!) or the mutual funds for income, which by their nature are more liquid? I had wanted to wait to tap my IRAs as long as possible due to the age difference, but may rethink my position given the real estate market.
Thanks for any suggestions/advice!